Stanley Black & Decker Guides FY23 Above Estimates - Update

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Stanley Black & Decker Guides FY23 Above Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, Stanley Black & Decker (SWK) initiated its earnings and adjusted earnings outlook for the full-year 2023, above analysts' estimates.

For fiscal 2023, the company now projects results between a loss of $1.65 and earnings of $0.85 per share and adjusted earnings in a range of $0.00 To $2.00 per share.

On average, analysts polled by Thomson Reuters expect the company to report a loss of $0.31 per share for the year. Analysts' estimates typically exclude special items.

The company said the difference between 2023 reported and adjusted guidance consists of integration-related charges and other charges primarily due to supply chain transformation under the Global Cost Reduction Program.

The guidance band reflects the wider range of 2023 demand possibilities and destocking scenarios with a loss per share is expected in the front half as the Company prioritizes free cash flow generation. The company expects the impact of targeted production curtailments to continue to weigh on margins through the first half of 2023.

टैग: SWK
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CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

The U.S. Consumer Product safety Commission or CPSC has announced recalls including BJ's gazebos, Stanley Black & Decker mowers, IKEA power banks, ALDI coffee makers, Trader Joe's candles, and certain baby loungers, citing various reasons. The recalls include BJ's Wholesale Club's' about 32,500 units of Berkley Jensen Gazebos citing injury risk; Stanley Black & Decker Inc.'s about 46,200 units...
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Stanley Black & Decker Appoints Patrick Hallinan As New CFO

Stanley Black & Decker Appoints Patrick Hallinan As New CFO

Stanley Black & Decker (SWK) announced Monday the appointment of Patrick Hallinan to Executive Vice President, Chief Financial Officer, effective April 6. Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., President and CEO of Stanley Black & Decker.
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Stanley Black & Decker To Divest Oil & Gas Business To Pipeline Technique

Stanley Black & Decker To Divest Oil & Gas Business To Pipeline Technique

Stanley Black & Decker (SWK) announced Tuesday it has signed a definitive agreement for the sale of its STANLEY Oil & Gas business to Pipeline Technique Ltd., a leading provider of solutions to the energy industry. The terms of the deal were not disclosed.
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Australian Market Halves Gains In Mid-market

Australian Market Halves Gains In Mid-market

The Australian stock market has halved its early gains in mid-market trading on Friday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,500 level after hitting all-time highs, with gains is mining and technology stocks partially offset by weakness in financial stocks.
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Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening on a positive note Friday as investors await the release of the Economic Survey 2025 in Parliament.
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Thai Stock Market Poised To Open In The Green

Thai Stock Market Poised To Open In The Green

The Thai stock market has finished lower in back-to-back sessions, sinking more than 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,335-point plateau and it's likely to find support on Friday.
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Japanese Market Slightly Higher

Japanese Market Slightly Higher

Adding to the gains in the previous two sessions, the Japanese market is slightly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying well above the 39,500 level, as traders react positively to some upbeat domestic economic data, with retail sales exceeded expectations and unemployment rate dropping.
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